West Palm Beach (HedgeCo.Net)- Bear Stearns today announced new additions to their staff, among others, Douglas C. Stern, a senior managing director and industry veteran who will help manage the prime brokerage sales team focused on the firm\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest hedge fund relationships.<\/p>\n
\u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cBear Stearns Prime Brokerage Services offers clients the best products and service by top professionals in the business,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Louis Lebedin, head of Prime Brokerage Services. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cThese additions to our staff will add terrific value to our franchise and will help us to provide clients with more world-class products and capabilities.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d The strength of the prime brokerage franchise contributed to record revenues for Bear Stearns\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2 Global Clearing Services division for the third quarter of 2007.<\/p>\n
Douglas Stern, who has 23 years experience in institutional sales and prime brokerage services, joins from Morgan Stanley\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s prime brokerage unit, where for seven years he was responsible for managing relationships and developing business with some of that firm\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest clients. He also managed a team responsible for newly launched hedge funds. Mr. Stern holds a B.A. in Economics from St. Lawrence University.<\/p>\n
In the 2007 Global Custodian Prime Brokerage Survey, Bear Stearns was ranked the No. 3 prime broker globally and was awarded 50 out of a possible 72 \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cBest in Class\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d awards. In the latest Lipper HedgeWorld Prime Brokerage survey, Bear Stearns was the leading prime broker by assets for U.S. hedge funds and the No. 2 prime broker for the largest non-US funds.<\/p>\n
Alex Akesson HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds! <\/p>\n","protected":false},"excerpt":{"rendered":" West Palm Beach (HedgeCo.Net)- Bear Stearns today announced new additions to their staff, among others, Douglas C. Stern, a senior managing director and industry veteran who will help manage the prime brokerage sales team focused on the firm\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest hedge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6595","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6595"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6595\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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